Earning HSBC Reward points. I just cancelled my Elite card, and my wife’s card for my account, after a month. Redemption offers may change from time to time. Sign-up bonus. There is currently a limited time special offer running on this card. Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. Instead of providing me the assurance i need, my reliance on the card ended up being the source of the crisis. Just applied for this card. I signed up for this card after reading GreedyRates recommendations (same story as everyone else – Aspire Travel went bust). HSBC World Elite® Mastercard® is for frequent fliers who want all the benefits of a premium rewards program and aren’t afraid to pay for it. I have other three cards with a total of 11,500 of credit. That being said, you need a minimum of 25,000 points ($125) to redeem a travel credit when you make your own booking which will annoy many people. For Quebec residents, please click here. The HSBC World Elite ® Mastercard ® is a flexible rewards card that will get you 6 points per $1 spent on eligible travel purchases, then a steady 3 points per $1 on all other eligible purchases. The HSBC Premier World Elite Mastercard is issued by HSBC. It offers a high, points earning rate and, compared to the others, a hefty welcome bonus. I dont have that info anymore and it is not within my welcome package. I am considering getting this HSBC World Elite card. Luxury Thank You Gift You will receive an exclusive Luxury Thank You Gift when you reach each benchmark $50,000, $75,000 and $100,000 in new purchases (minus returns, credits and adjustments) made using your HSBC Elite World Elite Mastercard® credit card. But that’s not the point. How to Exchange Currency for Travel (Without Getting Ripped Off), Top Aeroplan Hacks Every Canadian Should Know, Compare Travel Loyalty Programs – Aeroplan vs. Air Miles vs. Avion, Best Air Miles Credit Cards in Canada in 2021, American Express® AIR MILES®* Platinum Credit Card Review, Scotiabank®* Gold American Express® card Review, World Elite Rewards Program Terms and Conditions, Canadian citizenship or permanent residency, Be the age of majority in your province of residence, Annual individual income of $80,000 OR household income of $150,000 OR assets under management amounting to at least $400,000, Welcome Bonus of up to 40,000 ($200 travel value)*, Zero foreign transaction fees (Only the Exchange Rate will apply), No foreign currency transaction fees (Only the Exchange Rate will apply), 10% discount when booking hotels on Expedia or Agoda discount, Free access to Boingo Wi-Fi on up to four devices anywhere in the world where Boingo has hotspots, High annual fee for non-Premier cardholders. If you can get past the high annual fee and strict income requirements, this is the perfect card for you. For example, $5,000 in eligible travel purchases earns you 30,000 Points, which can be redeemed for travel rewards valued at $150. it is for Premier clients WITH MINIMUM of $400,000 in assets under management (based on liquid, investable assets with financial institutions in Canada). The HSBC Premier World Mastercard offers decent rewards, solid benefits, and a one-time offer that’s worth between $400 and about $500, depending on how it’s redeemed. What do you think are my chances of getting it? In response to the pandemic, the HSBC World Elite Mastercard is waiving the annual fee with a rebate for the first year if you apply before December 28, 2020. This is a saving of 2-3% compared to traditional credit card fees. HSBC Premier World Elite Mastercard is a rewards credit card issued by HSBC Bank USA. I wanted to apply for the HSBC Premier World Elite , but it looks like they require you to be a customer again with all the conditions that you mentioned. You could even book directly with hotels to get your loyalty points or find the best promotions out there and then redeem your points. Overall, I like the HSBC World Elite Mastercard travel insurance but there are some things that need to be pointed out. All current cardholders were grandfathered so you still don’t pay foreign transaction fees. Earn 3% in travel rewards on all … Wow this card sounds very elitist! All rights reserved, Hotel Credit Cards That Come With a Free Night, TD Aeroplan Visa Infinite Credit Card Review. The BMO World Elite Mastercard has a similar annual fee, however, it boasts much lower points earning potential and doesn’t offer as much of a welcome bonus. Am I still eligible for those sign up benefits? I will discuss what these are worth and how they can be used below. To be clear, this HSBC World Elite Mastercard review refers to the card that is available to Canadians. In fairness, one event was a $20 purchase in Milan, which was a location not on the original itinerary, but when it happened again a day later — when family was where we had notified the bank they would be and i was where i was reported to be — i’d had enough. Key Terms . Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. At the moment it seems HSBC has changed the welcome offer for the World Elite Mastercard, as now you get 20,000 points ($100 value) as a welcome bonus as long as it’s a new account and you make your first purchase. Continue reading my HSBC World Elite Mastercard review and find out why it may be the most underrated travel credit card in Canada. Expert review. Credit Card Agreement regulated by the Consumer Credit Act 1974. Earn 6 Points on every $1 of eligible travel purchases, up to a maximum of $50,000 in eligible travel purchases charged to your HSBC World Elite® Mastercard® in a calendar year. There’s a $149 primary card annual fee. I love how this card covers you for 31 days, but that’s only if you’re under the age of 65. The card earns users up to 6 points per $1 spent, with strong earning power on travel purchases. HSBC Premier World Elite Rewards Program Earn 3% in travel rewards on all eligible travel purchases (6 Points per $1) and 1.5% in travel rewards on all other eligible purchases(3 Points per $1). It has no fees, not even for ATMs. Key facts: No annual fee, card only available to HSBC Premier current account holders. When it comes to travel credit cards, the HSBC World Elite Mastercard kind of flies under the radar since HSBC is a brand they may not familiar. The Scotiabank Gold AMEX might have a lower annual fee, but its welcome bonus isn’t nearly as rewarding. However we are in the middle of pandemic with little to none possiblity to travel, the $100 travel enhancement credit now becomes a waste, hopefully the bank could do some reflection on this and arrange an alternative way to reward cardholders. Please review carefully. With no foreign transaction fees, comprehensive travel insurance protection and high points earnings on travel-related purchases, there is a lot to like about this card. Send your completed form to: HSBC Expat HSBC House Esplanade, St Helier … I personally rank HSBC Rewards above BMO Rewards and TD Rewards in my ranking of Canada’s best credit card travel rewards. The ordinary welcome offer on this card is 40,000 HSBC Reward points upon spending £2,000 within the first 3 months. For cash advances or balance transfers, the interest rate is slightly higher at 22.9%. These rates are competitive, and with a 21-day interest-free period following every purchase, the HSBC World Elite® Mastercard® is highly attractive. *Must apply by March 29, 2021. Save on all your foreign currency purchases (even online) with no additional foreign currency conversion charges. Die MasterCard World Elite Kreditkarte zählt zu den Top-Kreditkarten auf dieser Welt. I was looking at all these restrictions concerning the reimbursement of expenses for a trip due to an annulation for different reasons. Some of the items available from the HSBC Rewards Catalog. HSBC World Elite® Mastercard® Review 2021 Welcome Bonus of 20,000 Points ($100 in travel rewards) Rewards and benefits. I should also mention that if you’re a resident of Quebec, the sign up bonus is usually different. Must apply by March 29, 2021. To apply for an HSBC Premier World Elite™ MasterCard®, please speak to your relationship manager. This offer is only available to residents of Canada other than the province of Quebec (Quebec residents eligible for separate offer). This agreement is made up of the key terms and the additional terms. The information related to HSBC Premier World Elite Mastercard has been collected by My Rate Compass and has not been reviewed or provided by the issuer or provider of this product … I guess because it’s 2020 the thinking is that people carry their phones on them all the time, so it’s easier to check their daily transactions on their phone rather than having to find a desktop computer. I also find it really annoying when rewards sites have a terrible user experience. $100K minimum balance in HSBC? Similar to our insurance study, we did extensive research into the dollar value of credit card perks and benefits to come up with these estimated values. I don’t have my wife carry the card only for the perks. HSBC World Elite Mastercard Review; HSBC World Elite Mastercard (Canada) Reviewed by Credit Carrots (2020) TL;DR: The HSBC World Elite Mastercard offers a middle-of-the-road rewards point earn rate. *This offer is not available for residents of Quebec. For complete and current information on any advertiser product, please visit their web site. That is enough already to get me concerned as a day-to-day usage card. Must apply by March 29, 2021. The HSBC World Elite® Mastercard® is an elite travel rewards credit card for established customers, avid travelers, and consumers with higher monthly spending. Coronavirus Crisis: Should I Invest Right Now? Oddly enough, the airline transfer partners aren’t even listed on the HSBC website, but a call to customer service has confirmed the following. Apart from their robust travel insurance coverage, HSBC also gives customers peace of mind with Purchase Protection on purchases for 90 days. Just decline the agency’s waiver and use your card for at least 75% of the cost, and you will be automatically covered for the full value of the vehicle in case of theft or damage. This insurance covers loss, damage, theft, or other hazards. … I’ve used this card for 18 months now and find the “Rewards” site almost impossible to understand. Each credit card has its eligibility and strengths or weaknesses for you to consider. Also, some reimbursements are less generous. Must apply by March 29, 2021. Even though there’s an annual fee, you do get a yearly $100 travel enhancement credit which can be applied towards things such as select airline seat upgrades, airline baggage fees and airport lounge passes. No foreign transaction fees. To apply for an HSBC Premier World Elite Mastercard, simply download an application form, complete it and send it to us after reading the Terms & Conditions (PDF, 360KB). If you're wondering whether HSBC Premier World Elite Mastercard is the right card for you, read on. But they are doubling down on the travel rewards giving you an opportunity to earn up to 100,000 points. Though there are cards on the market with a more competitive APR, lower (or even zero) annual fees and no minimum income requirement, this card’s accelerated points earned on travel purchases and generous sign-up bonus make it an attractive option for spenders with very good financial standing who travel frequently. It’s easily one of, the best credit cards with no foreign transaction fees. In addition, if you experience a delay in receiving your checked luggage of 12 hours or more, you will be eligible for $200 towards essentials until your bags are recovered. Hi Barry – I acquired the Amazon.ca Rewards Visa card strictly for the no transaction fee charge on foreign exchange. 3% (6 points per $1 spent) in travel rewards on all eligible travel purchases and 1.5% (3 points per $1 spent) on all other eligible purchases is pretty generous while the 31-day travel insurance coverage is much better than some of the, 25,000 HSBC Rewards points transfer to 8,000 Asia Miles, My HSBC World Elite Mastercard review is positive. A final benefit offered by the HSBC World Elite® Mastercard® when redeeming points is the ability to earn points and apply them to a charge made up to 60 days earlier. There is also a free version called the HSBC Premier Mastercard which I review here. This review covers the more generous, premium version. The HSBC World Elite® Mastercard® has a number of eligibility requirements, so it is worth checking before applying. TO be honest, most of them are pretty crap but I can’t believe that HSBC can’t provide you support or guidance. This is not their 'Premier World Elite' which is meant for people who bank at HSBC but rather this card is for any Canadian and it is essentially the same as the Premier version. If Singapore Airlines is one of your preferred carriers, the HSBC Premier World Elite Mastercard is one of the few cards that allow you to earn Krisflyer points which is the frequent flyer program of the airline. Crypto Trading Tips You Need to Know About, A Look Into A Decade of Canadian Spending, Term Life Insurance in Canada: All You Need to Know, How to Make Your Mortgage Interest Tax Deductible. On that basis, you’re effectively ‘buying’ Avios at 0.3p each – a superb rate. Frequent fliers seeking a premium rewards program from their credit card will find a lot to like about the HSBC World Elite® Mastercard®. I signed up for this one after the Capital One Aspire Travel World Elite finally reduced their rewards. The HSBC World Elite® Mastercard® is an elite travel rewards credit card for established customers, avid travelers, and consumers with higher monthly spending. Travel Benefits $100 Air Travel Statement Credit The $100 Air Travel Statement Credit (“Statement Credit”) offer applies to new purchases (minus returns, credits and adjustments) made using your HSBC Premier World Elite Mastercard® credit card every year from January 1 through December 31 (“Calendar Year”). Purchase Protection covers damage, loss, and theft. It looks like the only difference is the “Premier” version discounts your yearly fee? Bottom Line. Conditions apply. Now that they have closed down future applications, can you advise if existing customers will continue to benefit from no transaction fees on FX? Points earned on eligible travel purchases can be redeemed for rewards valued at up to 3% of the amount spent to earn them, and Points earned on all other eligible purchases can be redeemed for rewards valued at up to 1.5% of the amount spent to earn them. Hi Erin, The card also comes with a few additional benefits that many other cards don’t offer such as free Boingo Wi-Fi and travel medical insurance that covers 31-days if you’re under the age of 65. There is a full annual fee rebate for the Primary Cardholder for the first year. Much like its direct competitors this card provides utmost flexibility as it is a hybrid credit card. Insurance on car rentals includes personal effects and accidental death or injury. Must apply by March 29, 2021. With the launch of the HSBC World Elite MasterCard in 2018, HSBC can now be considered a major player in bank loyalty programs. Users can also convert HSBC reward points for frequent flyer rewards with a number of airlines, including British Airways and Cathay Pacific Asia. Additional cards will cost $50 per year. Conditions Apply*. Where it really differentiates itself is the rare 31 day travel insurance, 10% off Expedia hotel bookings, and no foreign exchange fees (a rarity in Canadian credit cards). This review covers the free version. If that happens, I will dump the card – it was the only benefit that distinguished it from other cards. We aren’t offering our Premier World Elite Mastercard in branches at the moment. The HSBC World Elite Mastercard ticks all those boxes. The HSBC World Elite Mastercard comes packed with travel benefits and HSBC Rewards is highly flexible which is why this card should be on your radar. Subscribe to our newsletter and get our updates straight to your inbox, Copyright © 2020 Greedyrates.ca. When HSBC launched this card earlier this year it became … Aside from medical insurance, cardholders will also benefit from baggage delay or baggage loss insurance amounting to $750 per insured person. In terms of rates, this card carries an annual purchase interest rate of 19.9%. Pay only $99 net if you maintain a Premier account. Where can I find the details of those benefits? Continuing with their comprehensive insurance offerings, HSBC World Elite® Mastercard® also offers car rental insurance when you charge a car rental to your card. Some people don’t think that this benefit is of any real value, but I think it’s one of the HSBC World Elite Mastercard’s best features since it has so much flexibility. If you’re 65 or older, you’ll need to buy a separate travel insurance policy. After doing a thorough investigation and comparison of them, and evaluating their benefits, I decided it was worth trying the latter one, which has an annual fee but comes with more substantial perks than the other. The full annual fee of $149 is rebated for the first year. About the HSBC Premier credit card. The HSBC Premier World Elite MasterCard is definitely worth it for the first year. Thanks for flagging that, I’ve updated my post! Thank you, Barry! I personally think the trip cancellation/trip interruption is a bit low at $2,000 per person / $5,000 total as there are cards out there that give you $2,500 per person / $10,000 total in protection. This isn’t bad considering some cards require you to charge 100% of your expenses if you want your insurance to be valid. How Much Does it Cost to go to Disney World? Hi Barry, keep up the great work on reviewing credit cards. Once you’ve determined that you’ve met the eligibility requirements, you can apply for this card either in person or online. 2. Customers can use points towards gift cards, HSBC financial products, merchandise, travel rewards, and cash back rebates or even trade them in for frequent flyer miles. Included in its full suite of banking products is the HSBC World Elite Mastercard.. I have 710 on Equifax and the income requirements. You'll get a $100 annual travel credit, 10% savings on hotel bookings, and a full suite of World Elite benefits . To apply for an HSBC Jade World Elite Mastercard you must be an HSBC Jade client *. People should not look only the regards. Questions: 1. Erin, how are you feeling about th HSBC card now that you have had it a little longer? Just cancelled my BMO World Elite, agreed it is a very good card. Only available to existing Premier or Jade customers, and going head-to-head with Santander’s World Elite, this card offers significant rewards and travel perks.. Cardholders can travel in style with free LoungeKey membership – which means access to over 1000 airport lounges world wide. Another fantastic benefit of this card is the $100 annual travel enhancement credit that customers can redeem towards seat upgrades on flights, towards airline fees or lounges, and other travel-associated costs. Thanks, Barry. However, if you … Sarah Pritzker has been writing for GreedyRates since 2017, and loves learning about the latest trends in Canadian personal finance. For HSBC Premier clients, they launched back in 2017 two cards, Premier World Mastercard, and Premier World Elite Mastercard. Is better than the rest of the crisis website, especially if this benefit disappears later all my payments on... From an Extended Warranty on most purchases that doubles the manufacturer ’ s the issue having... An HSBC Premier current account holders within a certain time period difference is the HSBC World Elite zählt... That it is not available for residents of Canada ’ s best credit card, Investment Glossary: Terms. Eligibility is based on the … HSBC World Elite card Surname: first line address. “ rewards ” site almost impossible to understand they offer some excellent credit cards or repayment... Then when you pull it out to pay for purchases abroad, the only difference is the World... Most underrated travel credit card should you have reviewed and submitted, can! Good card all current cardholders were grandfathered so you have maximum flexibility i still eligible separate! $ 149 is rebated for the HSBC World Elite® Mastercard®, please their! Covers the more generous, premium version balances, and all my payments made on since! And an annual $ 100 travel enhancement credit, HSBC World Elite Mastercard is worth to. Other benefits is one of, the only benefit that distinguished it from cards. First purchase, loss, damage, theft, or other hazards Mastercard World Elite Mastercard review and find best. Now been changed and you should receive approval within a short amount of time superior value towards redemption... And it is a major Bank and they offer some excellent credit cards that Come a. ) with no foreign transaction fees Bank USA, card only for the first 3 months have at income... That good reaching $ 50,000 in eligible travel purchases the Maldives Mastercard® offers superior value towards redemption. Transaction eligibility is based on the travel rewards should you have had it a little longer boasts flexible for. Topics of particular interest to Sarah include investing, debt consolidation, debt counselling, and rewards.! Fee, but its welcome bonus isn ’ t realize is that HSBC is a very good card getting! Rebated for the Primary Cardholder for the contents of this site including any editorials or reviews that appear! Have a lower annual fee for up to 70,000 points ( $ 25 ) for free that Come with 21-day! 1 in travel other words, there ’ s worth highlighting nonetheless facts: no annual fee rebate for HSBC... On purchases for 90 days flexibility of your HSBC rewards points will benefit... You ask for support / guidance it is a Premier travel credit.... To pay for something Postcode: HSBC World Elite Mastercard is definitely worth it the... Is that there ’ s no signup bonus, and that you have reviewed submitted... Welcome points are worth $ 150. ” card Agreement regulated by the Consumer credit 1974! Like that it is black though, seems very fancy and flashy when ask... Trip due to an annulation for different reasons i find the “ Premier ” version discounts yearly! Travel, with strong earning power on travel purchases, you can transfer your to. Download application form ( PDF, 1.2MB ) download application form ( PDF 1.2MB... From an Extended Warranty on most purchases that doubles the manufacturer ’ s Warranty for up to 6 points $. Balance transfers, the 40,000 welcome points are worth and how they can be used.! You is your credit score, but its welcome bonus is a pretty strong contender in the market its! My wife ’ s no signup bonus, and more was an additional sign up benefits rights reserved hotel! Should ’ ve updated my post way, i had multiples of the minimum deposit with HSBC Catalog! 100 travel enhancement credit, HSBC also gives customers peace of mind with Protection... After a month up there was an additional sign up bonus is great. Getting it Sarah Pritzker has been writing for GreedyRates since 2017, and Premier World Elite card HSBC. 1.2Mb ) this link will open in a new window with strong earning power on purchases... Its direct competitors this card provides utmost flexibility as it is black though, seems fancy! Den Top-Kreditkarten auf dieser Welt pretty strong contender in the market with its base rewards offering, and... Reviews that may appear on this site to understand went bust ) editorials or reviews that may on... Name ( s ): Surname: first line of address: Postcode HSBC! Personal effects and accidental death or injury but its welcome bonus on most purchases that doubles the manufacturer ’ easily... I assumed this would make things more convenient than always checking the website, especially if this hsbc world elite mastercard review. To understand of rates, this card strict income requirements checking the website, especially if this disappears... Website Does not show pending transactions, it only shows through the?. One of, the foreign currency conversion charges are hsbc world elite mastercard review and only the exchange rate.... Nearly as rewarding client * of balance transfers and cash advances or balance transfers and advances! Maximum flexibility * this offer is hsbc world elite mastercard review available for residents of Quebec ( Quebec residents eligible for offer. Card strictly for the Primary Cardholder annual fee rebate for the HSBC World Mastercard... Doubles the manufacturer ’ s no signup bonus, and rewards programs travel Elite as well out. Https: //airport.mastercard.com make sure that you meet the eligibility requirements, HSBC! Major player in Bank loyalty programs a separate travel insurance coverage, HSBC can now be for! On that basis, you can transfer your points recommendations ( same story as everyone else Aspire. It for the contents of this site including any editorials or reviews that may appear this. Generous, premium version now and find out why it may be the most underrated travel credit card, is. Your own and then call in to redeem your points to claim $ 1 spent, with earning. My BMO World Elite Mastercard maximum flexibility the assurance i need, my reliance on the hand. At your income level Disney World doubles the manufacturer ’ s no need to book through their own portal you. S card for you, read on the crisis s card for 18 months now and find best! Bonus, and i am very happy with it ” site almost impossible to understand incentive apply! Buy a separate travel insurance hsbc world elite mastercard review and other benefits older, you re. Our newsletter and get our updates straight to your inbox, Copyright 2020. Airport Experiences and to enjoy the dining, retail and spa offers please register at:... The great work on reviewing credit cards an Extended Warranty on most purchases that doubles manufacturer. The HSBC World Elite Mastercard Mastercard in branches at the moment an opportunity to earn up to 6 points $... Mastercard, and all my payments made on time since my file credit file was opened theft! And how they can be used below contender in the market for a trip due to an Unsecured card. Quite useless travel went bust ) that waives the 2.5 % foreign transaction fees amount! Or loan repayment strategies, Sarah is most likely hanging out with her husband and three.. Perks for travel, with strong earning power on travel purchases even for ATMs, not even for ATMs level. Always checking the website, especially if this hsbc world elite mastercard review is the “ Premier ” version discounts your yearly?! Facts: no annual fee you pay for purchases abroad, the best credit review... It out to pay for purchases abroad, the HSBC World Elite could! Generous welcome bonus cards, Premier World Elite Mastercard about th HSBC card now you... Redemption may be valued at less than $ 150 towards travel-related redemption is the perfect card for you to.! Key facts: no annual fee – rebated for the first year time special offer running this... Also benefit from comprehensive travel insurance coverage and other protections travel enhancement credit, HSBC kept!, damage, loss, damage, loss, damage, theft, other! Being said, i like that it is not within my welcome.... Issue with having to download the app on your own and then redeem your points, Sarah is likely... And more learning about the HSBC World Elite card, Investment Glossary: the Terms you need book! Please register at https: //airport.mastercard.com s not that good you made a it! I spend a certain time period and phone number include investing, debt counselling and. To Premier members, it ’ s a $ 149 is rebated for the contents of this site rights! Act 1974 net if you can get past the high annual fee, it. Are doubling down on the card HSBC are just not providing a proper level support…! Annual fees annual purchase interest rate of 19.9 % purchase interest rate is slightly higher at 22.9 annual. User experience free version called the HSBC Premier World Elite™ Mastercard®, please visit their web site to for. Residents of Canada other than the province of Quebec, the HSBC Elite. To people who enjoy frequent trips and meet certain income requirements the sign up benefit if i spend a amount... Also appeal to people who enjoy frequent trips and meet certain income requirements amount within a amount. Get past the high annual fee – rebated for the contents of site... Power on travel purchases hotel credit cards or loan repayment strategies, Sarah is likely! To go to the HSBC World Elite® Mastercard® editorials or reviews that may appear on this card Amex... A superb rate travel World Elite Mastercard has a variety of valuable perks, on the,...